TAMAN BUNGA RAYA

TAMAN BUNGA RAYA in Melaka Tengah, Melaka recorded 15 subsale transactions in 2023, with a median price of RM 260K and a median price per square foot (PSF) of RM 154.

This area contains both residential and commercial properties. View 34 residential properties or 3 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 260K, with most transactions falling within a stable range of RM 184K to RM 336K, and a typical market range of RM 215K to RM 305K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 154, though individual units vary from RM 113 to RM 195 in the core range. The broader market spans RM 135.00 to RM 173.00, indicating diverse property characteristics. A wider spread (IQR: RM 38.00) and deviation (MAD: RM 41) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.